Skip to content
Subscriber Only

Paamco Seeks Asian Institutional Money for Hedge-Fund Strategies

Pacific Alternative Asset Management Co., an $8.6 billion U.S. fund-of-hedge-funds, is seeking to raise money from pensions and sovereign wealth funds in Asia to diversify its investor base.

U.S. investors account for 85 percent of its clients, mostly institutional, with the rest spread across Asia, Europe and the Middle East, said David Walter, Singapore-based director for the Irvine, California manager known as Paamco. The company is looking at Asian managers employing relative-value strategies and those investing in high-yield stocks, he said.